Federal Home Loan Bank Advances

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Borrowings

Federal Home Loan Bank Advances

Advances payable to the FHLB amounted to $1.2 billion and $1.1 billion, respectively, at March 31, 2020 and December 31, 2019.

As of March 31, 2020 and December 31, 2019, the Bank had access to a $40.0 million unused line of credit and also had remaining available borrowing capacity of $469.5 million and $535.0 million, respectively, with the FHLB. The Bank pledges certain qualified investment securities and loans as collateral to the FHLB.

The following table presents maturities and weighted average interest rates on FHLB advances outstanding as of March 31, 2020:

(Dollars in thousands)	Scheduled Maturity		Weighted Average Rate
April 1, 2020 to December 31, 2020		$1,031,103	1.46	%
2021	77,222		2.52
2022	813		5.12
2023	5,238		3.80
2024	40,900		2.51
2025 and thereafter	43,258		3.29
Balance at March 31, 2020		$1,198,534	1.64	%